BASF to Invest 200 Bil. Won in Korea This Year
BASF to Invest 200 Bil. Won in Korea This Year
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2014.01.21 19:38
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SEOUL, KOREA - "This is the first-ever instance where BASF built a super engineering plastic plant outside Germany. The company has plans to nurture Korea as the base for the whole Asian plastics market."
 
 
BASF Korea chairman Shin Woo-sung said this on January 20 in a press conference at the Westin Chosun Seoul and added, "We will start operations of the 6,000-ton 'Ultrason' plant in Yeosu from the 21st." The output from the plant will be marketed to East Asian markets including China and Japan. Ultrason is a brand name for an amorphous thermoplastic based on polysulfone (PSU). Ultrason resins are used in aerospace, automotive, electronic, and medical applications substituting metals as it is capable of withstanding high temperatures up to 220 degrees Celsius.
 
He further said, "The global demand for high-functionality plastics, also known as super engineering plastics, is rising 5 percent a year, with that for the Asian region as high as 7 percent per annum. We expect the plastics to be applicable to wide-ranging areas such as automotive oil pump pistons, blood dialysis, water membranes, and semiconductor trays." With the completion of the Yeosu plant, BASF could increase its global output of Ultrason to 18,000 tons a year. By 2020, the company will locally produce more than 75 percent of the output sold in the Asia-Pacific region.
 
Until the year's end, the company plans to invest 200 billion won in Korea. Before the end of the first half this year, it will break the ground for a second engineering plastic compounding plant in Yesan, South Chungcheong Province, following the first one in Ansan. An electrical materials R&D center currently prepared within the Suwon campus of Sungkyunkwan University will also be open before the year's end.

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